How much TFSA room do I have?
If you were a Canadian resident with a SIN, your room is every annual limit since the year you turned 18 (or 2009, if later), minus everything you've contributed, plus anything you withdrew in earlier years. If you've been eligible since 2009 and never contributed, that's $109,000 of room in 2026.
Annual TFSA limits
| Year | Limit |
|---|---|
| 2009–2012 | $5,000 |
| 2013–2014 | $5,500 |
| 2015 | $10,000 |
| 2016–2018 | $5,500 |
| 2019–2022 | $6,000 |
| 2023 | $6,500 |
| 2024–2026 | $7,000 |
Common questions
What if I contribute too much?
Over-contributions are taxed at 1% a month on the excess until it's withdrawn or new room opens. CRA's My Account shows the room it has on file.
Do withdrawals give the room back?
Yes, but not until January 1 of the following year. Putting the money back in the same year can create an over-contribution.
Where's the official number?
CRA My Account shows your TFSA room as of January 1. Contributions made since then aren't in that figure yet.
Room is the easy part.
Which account gets the next dollar, TFSA, RRSP or FHSA, depends on your tax rate now and later. That's a 30-minute conversation.
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Open →Figures as at November 2026. Sources: Canada Revenue Agency, Service Canada, Income Tax Act.
Illustrative arithmetic only. Figures set by legislation can change; verify current rules before relying on any result. Educational only. Not tax, legal, or investment advice. Confirm with your accountant before acting. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Wealth Management Inc., sponsoring mutual fund dealer. Other Products and Services are offered through David Creighton, Lindsay Smith, John Creighton, Matthew Smith, Darroll Powe, and Creighton Financial Group.